Mentha Oil futures traded up on MCX as speculators created fresh positions driven by rising demand from consuming industries in the spot markets against tight supplies from the major producing belts. Further, weak sowing progress along with strong export demand too supported mentha oil prices uptrend.
The contract for May delivery was trading at Rs 888.90, up by 1.24% or Rs 10.90 from its previous closing of Rs 878.00. The open interest of the contract stood at 3637 lots.
The contract for June delivery was trading at Rs 897.50, up by 1.13% or Rs 10.00 from its previous closing of Rs 887.50. The open interest of the contract stood at 1136 lots on MCX.
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